The Hobbit's Home Value Reaches 4,500 Square Feet and $1.3 Million

Peter Jackson's Lord of the Rings trilogy introduced the beautiful Bag End where the famous Bilbo Baggins and his beloved nephew Frodo lives, but what is the exact real estate cost of the luxurious house in the Shire?

The movies have inspired many replicas of the Shire homes, and as the director takes audiences back into the same realm in his new movie, The Hobbit: An Unexpected Journey, many may consider the costs of owning and living in one of these miniature homes. Surprisingly, the size of the home is approximately 4,500 square feet, which is much larger than most homes today. With potato gardens, drawing and sitting rooms and almost $300 per square foot, the hobbit's home value is racking up to be over $1.3 million, quite hefty even for the hardy folk.
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